Fiscal regime uncertainty, risk aversion, and exhaustible resource depletion
How does uncertainty about future rent tax liability affect the competitive supply pattern for an exhaustible resource? Historically, changes in tax and regulatory clauses have been a frequent occurrence in the Petroleum industry, and appear to have contributed to the climate of uncertainty about fu...
Main Author: | |
---|---|
Format: | Working paper |
Language: | English |
Published: |
Oxford Institute for Energy Studies
1987
|